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Eugia Pharma Gets USDA Approval For Suspension of Medroxyprogesterone Acetate Injectable

SigTuple specializes in AI-driven smart robotic microscopes for automating manual processes in clinical laboratories.

The approval has been received from US Food & Drug Administration (USFDA) for Aurobindo Pharma to manufacture Medroxyprogesterone Acetate Injectable Suspension USP with 150 mg/mL, 1 mL single dose Vial to be bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Depo-Provera Injectable Suspension, of Pfizer Inc.

In the third quarter of next year, this product will be launched with an estimated market size of around US$ 62 million for the twelve months ending June 2022, according to IQVIA.

This is the 147th ANDA (including ten tentative approvals received) out of Eugia Pharma Speciality Group (EPSG) facilities, manufacturing both oral and sterile speciality products. Medroxyprogesterone Acetate Injection is used to prevent pregnancy for a female’s reproductive potential.

On the other hand, Aurobindo Pharma Limited (APL) ‘s shares were traded at Rs 559.60 close yesterday, which is compared to the previous close of Rs 551.80. The total number of share days was 51246 in over 2236 trades. The company’s stock hits a high of Rs 560.90 and a low of Rs 546.40 on an intraday basis. During the day, the net turnover was Rs 28488804.

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Musk Pushes Trump to Scrap Tariffs as Tesla Falls 42% in 2025

Dhruva Kulkarni

According to the Washington Post, Elon Musk urged US President Donald Trump over the weekend to roll back tariffs, but his efforts were unsuccessful. The dispute follows Trump’s announcement of a 10% baseline tariff on all imports and higher duties on several countries.

Neither the White House nor Musk responded to Reuters’ request for comments. Over the weekend, Musk, a Trump adviser, called for zero tariffs between the US and Europe during a virtual event at Italy’s right-wing League Party congress.

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Tesla faces sharp sales declines amid backlash over Musk’s role in a new “Department of Government Efficiency.” Its stock closed at $233.29 on Monday, down over 42% this year. Musk has said Trump’s auto tariffs have a “significant” impact on Tesla.

Economists warn that these tariffs could drive up inflation, increase recession risks, and add thousands of dollars in costs for US families, posing a challenge for Trump, who promised to cut living expenses.

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Japan’s Ishiba Plans US Visit to Push for Wider Tariff Deal

Dhruva Kulkarni

Japanese Prime Minister Shigeru Ishiba plans to visit the US soon to push for a broad tariff deal with President Donald Trump. Speaking in parliament on Monday, he said he would first urge Trump over a call to drop the planned 24% tariff on Japanese imports.

Ishiba emphasised that Japan is not acting unfairly in the dispute and outlined a proposal to resolve the issue of LNG, cars, agriculture, and national security. He aims to present a comprehensive deal, though he acknowledges it will take time.

Japan faces a 24% tariff on exports starting 9th April, alongside a 25% tariff on autos already in place. While officials have not ruled out a response, no clear retaliatory measures have been signalled.

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During a February summit, Ishiba pledged to buy more US LNG and increase Japan’s investments in the US to $1 trillion. Despite this, Japan has not secured relief from the tariffs. The trade dispute impacts Ishiba politically, with his approval rating dropping to 30.6%, the lowest since he took office.

A JNN poll showed that 57% of the public supports retaliation. Meanwhile, concerns over the trade war have pressured Japanese stocks, with trading briefly suspended due to heavy selling.

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China to impose 34% additional tariff on all US goods from 10th April

Dhruva Kulkarni

China has announced a 34% additional tariff on all US imports, effective 10th April 2025, in response to recent US trade measures. 

The tariff applies to all US goods, though current bonded, tax reduction and exemption policies remain unchanged. However, goods shipped before 10th April 2025 and arriving by 13th May 2025 will be exempt.

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This move follows the US imposing 34% tariffs on $438 billion worth of Chinese imports, announced by President Donald Trump. China’s Commerce Ministry criticised the decision, while the Foreign Ministry stated it violates WTO rules and undermines global trade.

In 2024, US-China goods trade totalled $582.4 billion, with the US importing $438.9 billion from China and recording a $295.4 billion trade deficit.

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China Opposes New US Tariffs, Vows Retaliation

Dhruva Kulkarni

China has strongly opposed the new US export tariffs and pledged countermeasures to protect its interests. It criticised the move as unilateral bullying and urged Washington to cancel the tariffs, warning of risks to global economic stability.

Under President Trump, the US has imposed a 10% tariff on imports worldwide, with harsher duties on key trading partners. China faces a 34% tariff and a 20% duty imposed earlier. In response, Beijing has placed up to 15% tariffs on US agricultural goods like soybeans, pork, and chicken. The escalating trade war threatens China’s economic recovery, already strained by a property sector crisis and weak consumption.

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While Trump calls the tariffs “reciprocal,” experts argue his claims about US trade losses are exaggerated. China accused the US of ignoring years of trade negotiations and benefiting from global trade. Beijing has called for dialogue, warning that protectionism will not resolve the US’s economic challenges.

The US has also imposed a 25% tariff on steel and aluminium imports, though China is not a major exporter of these products to the US.

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India, Chile Strengthen Ties with Focus on Critical Minerals & Defence

Dhruva Kulkarni

India and Chile have agreed to launch talks on a comprehensive economic partnership to strengthen bilateral trade.

Prime Minister Narendra Modi and Chilean President Gabriel Boric Font met in New Delhi on 1st April to discuss trade, defence, critical minerals, and health, with Chile as a key Latin American partner for India.

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Both leaders agreed to begin negotiations for a trade pact to expand investment opportunities and economic ties. Collaboration on critical minerals will focus on building resilient supply and value chains, while defence cooperation will include industrial manufacturing and supply networks tailored to mutual needs.

Additionally, both nations will work together on security challenges, including organised crime and terrorism, while simplifying visa procedures to promote student exchanges.

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